(a) An insurer shall establish and maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on the insurer's material and relevant risks.
(b) An insurer may satisfy subsection (a) of this section if the insurance group that the insurer is a member of maintains a risk management framework that is applicable to the operations of the insurer.
Section: Previous 23-69-402 23-69-403 23-69-404 23-69-405 23-69-406 23-69-407 23-69-408 23-69-409 23-69-410 NextLast modified: November 15, 2016